Posted on 05/06/2010 3:59:06 PM PDT by The Magical Mischief Tour
Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. showing a rise or fall of more than 60 percent from the last trade in that security at 2:40 p.m or immediately prior.
Nasdaq said the stocks affected and break points will be disseminated soon.
The question needs to be asked how some stocks traded at 1 penny. Apparently Casey’s General Store(CASY) traded at .01. It doesn’t show on the intraday chart but it is reported that it did happen. This is a mid $30 stock.
I have no Stocks, i have no 401K plan evaporating before my eyes, Hardly any money in the bank and I have no children that will grow up in a commie country full of 3rd worlders and Muzzies.
Now, Well it seems i wasn't so stupid after all.
I always knew something like what has been going on was going to happen.
Glad i never wasted my time trying to make something of myself.
I guess i was smart after all.....
Bull.
The PG price collapse & reversal was preceeded by a similar collapse & reversal in the S&P futures 5 minutes before.
2:40 - 2:45pm, S&P fufures plummet approx 5%.
2:45 - 2:55pm, S&P futures recover approx 5%.
2:45 - 2:50pm, PG shares plummet approx 20%.
2:50 - 2:55pm, PG shares recover approx 20%.
The NASDAQ says it will reverse a bunch of trades that happened starting at 2:40 pm (5 min before the PG crash started).
The story about the crash being caused because a trader mistyped a “b” instead of an “m” & triggered a sale of $16B or $6B or 16B shares or 6B shares of PG smells bull-craptilicious from the perspective of PG’s total market cap and total shares outstanding (16B shares is over 500% of PG, $16B is over 10% of PG, and neither happens on a simple typo).
Apparently there’s a similar story that involves S&P futures instead of PG shares. The match doesn’t smell have the same level of steaming-ripe smell on that story, but the “all it takes is a mistyped B to crash our economy” aspect of it does keep a certain sweet-and-tangy aroma.
Hedge funds (Obama’s pals) stealing your money.
I saw trades where ETFs trading at $30 or 50 dropped to .16 cents for one or two trades but it happened more than once.
You are smarter than you realize. We’re getting out of everything. Prepping like it was 1830, live off the land, and preparing to F the gov. We’ll be fine without them, thank you very much. We can cook, garden, hunt, have useful skills, we’re ready. As for the moochers, we’re ready for them as well. Bang.
Maria knows manipulation when she sees it. Like the odl days when Cramer ran his hedge fund and would whisper stories in her ear she would repeat on CNBC.
Saudi money and Obama is protected by all the TV networks and the idiots keep paying for sat and cable TV to remain serfs.
The word I heard is that someone “mistakenly” entered in a value for Proctor and Gamble that was 33% below current price. This triggered a pre-programmed sell-off of millions of stocks, which in turn triggered pre-programmed sell-offs of tens of millions of more stocks, repeat ad nauseum.
The biggest slight of hand is when brokers are allowed to short sell stocks that the do not legally own and that do not actually exist.
As far as cable is concerned i am planning out my Media server/DVR as i type.
Comcast cable will be picking up their boxes by the end of the month.
Good for you. We have to see if there are better ways to access what we want to see on the Internet. I tried channelsurfing.net but it is primative. I hope Kelsey Grammer does a conservative network and puts it on the net.
Maybe once i perfect my system i’ll sell copies on E-bay.
The bedroom TV is a prob.
I'll have to hook it up to the system somehow.
A DLNA box maybe?
My Media server will have a HD antenna hooked up to it for local HD and a remote control.
Everything that me and the misses watch is also available on the Internet.
No more need for the OUTRAGEOUS cable bill anymore.
Accenture went from $39 to $.01 and back to $39 in a matter of 4 minutes - the system has been breached as this was not the only stock this happened to. Someone tell me why I should trust the stock market tonight?
Back in 2002 or so FR broke me of my TV habit.
The missus still watches though, i listen.
I still get that massive bill in the mail each month though, it includes Comcast Telephone. I believe thats 60 bucks a month alone.
My media server will take care of that as well.
Maybe with the money i’ll save i’ll go out and buy a new Corvette convertable and still save money!!
I agree to a do over in today’s market; if we get a do over of the 2008 election.
Not the same case here though.
It’s coming......
Interesting. I wasn’t watching the circus today on T.V. however after viewing the data it says one thing... Sino (China). China has been doing serious 3:00 mass electronic trades in the past and causing large swings in the markets. Now when I heard Citi alarm bells rang again. Govt and Saudi involvement. Conspiracy. FINANCIAL WAREFARE~
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